I've been reading the posts here for a while but I haven't decide yet how I will start my investment porfolio.
I'm 26yo, from latino america, planning to live in HK for a couple years more.
I have around 200k hkd in my saving account with Citibank ready to invest now.
My plan for now is to buy ETFs index once every 6 months and hold for long term. Basically since I aim to work remotely and eventually move to a cheaper location, I want to be building my retirement portfolio based on this investment.
My main question is:
Which brokerage platform is best to deposit, buy ETF index and hold long term (+10 years)? IB has 10usd/month fees and not sure if it's safe to hold +10 years, Citibank is expensive. Which options I have?
About index ETFs ,I'm aware the US 30% tax and Irish 15% tax, that apply if I surpass the 60k usd investment but I'm not near that sume yet. So I could invest on S&P500 domicile in US until I'm near 50k usd and then change to another platform.
I appreciate the kick start suggestion for a retirement portfolio, thank you!
Eventually when I learn more about investment, and get over 50k usd I'll considere more aggressive approach